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Azerbaijani bank issues unsecured bonds

Business Materials 5 February 2011 17:09 (UTC +04:00)
The Azerbaijani State Securities Committee registered the issue of unsecured bonds of Royalbank worth $ 10 million, the State Committee said.
Azerbaijani bank issues unsecured bonds

Azerbaijan, Baku, Feb. 5 / Trend N. Ismayilova /

The Azerbaijani State Securities Committee registered the issue of unsecured bonds of Royalbank worth $ 10 million, the State Committee said.

Roughly 10,000 bonds worth $1,000 each were issued. The emission will be implemented through a public offering.

RoyalBank is a commercial bank operating in Azerbaijan. It has 32 branches in Baku and regions of the country. RoyalBank was established on August 1993 as a joint commercial bank "OZ Bank".

The official exchange rate is 0,7961 manat to $1

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